Zacks Investment Research upgraded shares of Huaneng Power International Inc ADR Class N (NYSE:HNP) from a sell rating to a hold rating in a report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Huaneng Power Intl. develops, constructs, owns and operates large coal-fired power plants throughout China. They own and operate power plants located in Liaoning, Fujian, Hebei, Jiangsu and Guangdong. “

Separately, ValuEngine lowered shares of Huaneng Power International Inc ADR Class N from a hold rating to a sell rating in a report on Tuesday, September 10th.

Shares of HNP opened at $21.80 on Wednesday. Huaneng Power International Inc ADR Class N has a twelve month low of $20.51 and a twelve month high of $26.76. The firm’s fifty day simple moving average is $22.34 and its 200-day simple moving average is $23.60. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 136.25, a PEG ratio of 0.98 and a beta of 0.60. The company has a current ratio of 0.41, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19.

Huaneng Power International Inc ADR Class N (NYSE:HNP) last announced its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.26 earnings per share for the quarter. Huaneng Power International Inc ADR Class N had a net margin of 1.89% and a return on equity of 1.98%. The business had revenue of $5.38 billion for the quarter. On average, analysts predict that Huaneng Power International Inc ADR Class N will post 1.72 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in HNP. Renaissance Technologies LLC grew its position in shares of Huaneng Power International Inc ADR Class N by 103.8% in the 2nd quarter. Renaissance Technologies LLC now owns 79,700 shares of the utilities provider’s stock valued at $1,859,000 after buying an additional 40,600 shares during the last quarter. Aperio Group LLC grew its position in shares of Huaneng Power International Inc ADR Class N by 8.7% in the 2nd quarter. Aperio Group LLC now owns 51,597 shares of the utilities provider’s stock valued at $1,203,000 after buying an additional 4,137 shares during the last quarter. Northern Trust Corp grew its position in shares of Huaneng Power International Inc ADR Class N by 182.6% in the 2nd quarter. Northern Trust Corp now owns 26,743 shares of the utilities provider’s stock valued at $623,000 after buying an additional 17,280 shares during the last quarter. Bank of Montreal Can grew its position in shares of Huaneng Power International Inc ADR Class N by 6.6% in the 1st quarter. Bank of Montreal Can now owns 23,359 shares of the utilities provider’s stock valued at $541,000 after buying an additional 1,446 shares during the last quarter. Finally, Atria Investments LLC purchased a new position in shares of Huaneng Power International Inc ADR Class N in the 2nd quarter valued at $158,000. Institutional investors and hedge funds own 0.28% of the company’s stock.

About Huaneng Power International Inc ADR Class N

Huaneng Power International, Inc, through its subsidiaries, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. It is involved in the development, investment, construction, operation, and management of power plants and related projects; and generation, wholesale, and retail of power and other relating utilities.

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